Escrow Refund definition

Escrow Refund means the amount of any escrow monies paid by Borrower under the Purchase Agreements which is returned to, and received by, Borrower from Seller in accordance with the terms of the Purchase Agreements.
Sample 1

Examples of Escrow Refund in a sentence

  • This collaboration will help us to build a good understanding of what really matters to people.

  • In the event of a Partial Escrow Refund Event, the Company will provide copies of the Early Fiat Repayment Notice(s) to the Portal and the Portal will release the Early Fiat Repayment Amount(s) to the relevant Lenders.

  • Portal will not spend, transfer, or use the funds in the Escrow Account for any purpose until the occurrence of the any of the following: (i) an Escrow Release Event, (ii) an Escrow Refund Event, (iii) a Partial Escrow Refund Event, or (iv) a Capital Call Event (each an “Escrow Event”, and collectively the “Escrow Events”).

  • All funds remaining in the Escrow fund following the expiration of the ninety-day negotiable period for the outstanding Escrow Refund Member checks are hereby designated as a Cy Pres fund, with such funds to be distributed equally between the Indigent Person’s Attorney Fund and the North Carolina State Bar.

  • Escrow Refund Members who were not located by the Plan Administrator by are deemed to have forfeited their claims for a refund from the Escrow account.

  • Johnson in attendance 7:30PM Escrow Refund- Wright Legacy: Wright Family escrowed funds in 2018 for the purpose of a major subdivision of their 87th St property.

  • Authorizing Escrow Refund in the amount of $1020.00Motion: Second: Vote: G T C5.

  • The Downtown Westfield Corporation, or DWC, is the management entity of the SID and serves essentially as the economic development arm of the downtown business district.

  • Escrow Refund Members who were not located by the Plan Administrator by September 3, 2000 are deemed to have forfeited their claims for a refund from the Escrow Account.

  • RESOLUTIONS #2022 -101 —Approve Minutes March 28, 2022 Council meeting# 2022- 102 —Support Restorin g Energy Tax Receipts to Municipalities (S-330/ A3804)#2022-103 —Authorize Escrow Refund (682 Woodside Avenue ) #2022-104 —Introduce 2022 Municipal Budget#2022-105 —Amend 2022 Temporary Budget Ordinance for 1 st Reading Ordinance #396 -2022 —AN ORDINANCE OF THE TOWNSHIP OF RIVER VALE AUTHORIZING THE TOWNSHIP OF RIVER VALE TO ENTER INTO A PURCHASE AND SALE AGREEMENT WITH NEW CONCEPTS FOR LIVING, INC.

Related to Escrow Refund

  • Escrow Receipt Means the receipt substantially in the form annexed to the Escrow Agreement representing a fractional undivided interest in the funds held in escrow thereunder.

  • Escrow Deposit shall have the meaning set forth in Section 2.2(a).

  • Escrow Amount has the meaning set forth in Section 2.1(c).

  • Escrow Fund has the meaning ascribed to it in Section 7.2(a).

  • Indemnity Escrow Amount means $3,000,000.

  • Escrow Release Date means the date of the Escrow Release.

  • Escrow Funds means the Advance funds deposited with the Escrow Agent pursuant to this Agreement.

  • Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Indemnity Escrow Account means the escrow account established by the Escrow Agent pursuant to the terms of the Escrow Agreement for purposes of holding the Indemnity Escrow Amount.

  • Adjustment Escrow Funds means, at any time, the portion of the Adjustment Escrow Amount then remaining in the Adjustment Escrow Account.

  • Indemnity Escrow Agreement means the Indemnity Escrow Agreement substantially in the form attached hereto as Exhibit B, among the Sellers, the Buyers and the Escrow Agent.

  • Adjustment Escrow Amount means $1,000,000.

  • Escrow End Date has the meaning specified in the Escrow Agreement.

  • Holdback Amount has the meaning set forth in Section 2.06(a).

  • Escrow Cash is defined in Section 4.1(a).

  • Deposit Escrow Agreement has the meaning set forth in Section 2.2.

  • Professional Fee Escrow Amount means the aggregate amount of Professional Fee Claims and other unpaid fees and expenses Professionals estimate they have incurred or will incur in rendering services to the Debtors prior to and as of the Confirmation Date, which estimates Professionals shall deliver to the Debtors as set forth in Article II.C hereof.

  • Indemnification Escrow Amount has the meaning specified in Section 3.6(a).

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Escrow Payment Any payment received by the Master Servicer or the Special Servicer for the account of any Mortgagor for application toward the payment of real estate taxes, assessments, insurance premiums, ground lease rents and similar items in respect of the related Mortgaged Property, including amounts for deposit to any reserve account.

  • Adjustment Escrow Account means the escrow account established pursuant to the Escrow Agreement in respect of the Adjustment Escrow Amount.

  • Earnest Money Deposit (EMD) means the refundable amount to be submitted by the Bidder along with RFP documents to NMRC

  • Tax Refund means any refund of Taxes (including any overpayment of Taxes that can be refunded or, alternatively, credited or applied to future Taxes payable), including any interest paid on or with respect to such refund of Taxes.

  • Purchase Price Adjustment Escrow Amount means $500,000.

  • Closing Escrow Agreement means the Closing Escrow Agreement, dated as of the date hereof, between the Company, Xxxx Capital Partners, LLC and the escrow agent (the “Escrow Agent”) identified therein, in the form of Exhibit B hereto.

  • Earnest Money means the amount equal to 10% of Consideration as specified in the Application Form / Provisional Allotment Letter;